The Cabinet Committee on Economic Affairs (CCEA) under the leadership of Prime Minister Narendra Modi has approved a series of initiatives. These include establishing 12 cutting-edge greenfield industrial smart cities, advancing railway projects, expanding the agricultural infrastructure fund (AIF) scheme, and promoting hydropower development projects in the Northeastern states. The potential to attract investments totaling 1.52-lakh crore has led the Union government to concentrate on constructing 12 new industrial cities across 10 states.
Following the Cabinet meeting, Union minister Ashwini Vaishnav announced the approval of 12 new project proposals as part of the National Industrial Corridor Development Programme (NICDP), with an estimated investment of 28,602 crores. This strategic move is poised to revolutionize the industrial landscape of the country by establishing a strong network of industrial hubs and cities that will significantly enhance economic growth and global competitiveness.
These projects, spread across 10 states and strategically positioned along six major corridors, signify a substantial advancement in India’s efforts to bolster its manufacturing capabilities and foster economic growth. The industrial areas are planned to be situated in various regions including Khurpia in Uttrakhand, Rajpura Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in Uttar Pradesh, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in Andhra Pradesh, and Jodhpur-Pali in Rajasthan.
The government’s strategy emphasizes the development of advanced infrastructure to facilitate sustainable and efficient industrial operations. Vaishnaw highlighted that these NICDP projects are anticipated to generate significant employment prospects, with approximately 1 million direct jobs and up to 3 million indirect jobs anticipated to be created through the planned industrialization efforts.
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